In April, brands raised their prices 7% on 2,379 products.
May 7, 2024
In April, brands raised their prices on 2,379 products, producing an average price increase of 7%. If a retailer didn’t make these changes, these price increases would cost their store 7%.
Thankfully, indie stores using Shop Local have the updated price for these 2,379 products. They don’t lose 7%. The stores receive the updated prices instantly via our Syncing service.
About the Syncing Service
Syncing is a free service for retailers that is paid for by partner brands. ...
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In March, brands raised their prices 8% on 828 products.
April 2, 2024
In March, brands raised their prices on 828 products, producing an average price increase of 8%. If a retailer didn’t make these changes, these price increases would cost their store 8%.
Thankfully, indie stores using Shop Local have the updated price for these 828 products. They don’t lose 8%. The stores receive the updated prices instantly via our Syncing service.
About the Syncing Service
Syncing is a free service for retailers that is paid for by partner brands. ...
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How the Syncing service helps retailers save time and money.
March 4, 2024
In February, brands raised their prices on 9,378 products, producing an average price increase of 6%. If a retailer didn’t make these changes, these price increases would cost their store 6%.
Thankfully, indie stores using Shop Local have the updated price for these 9,378 products. They don’t lose 6%. The stores receive the updated prices instantly via our Syncing service.
In September, brands raised their prices on 910 products, producing an average price increase of 9%. If a retailer didn’t make these changes, these price increases would cost their store 9%.
Thankfully, indie stores using Shop Local have the updated price for these 910 products. They don’t lose 9%. The stores receive the updated prices instantly via our Brand Syncing service.
How competitive techniques can help lure clients and grow a network.
September 10, 2023
Andrew Chen shares in 'The Cold Start Problem' that many times, networks are competing in a zero-sum game. One network gets a customer to join their network and thereby not participate in another. For example, when a driver used Lyft instead of Uber, Uber, which Chen helped, lost. And it lost in two regards: Uber lost the revenue from the lost ride, and Lyft gained the revenue. Chen’s team was tasked with getting drivers to use all their time driving for Uber and thereby unraveling Lyft&...
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In June, brands raised their prices on 2,410 products, producing an average price increase of 12%. If a retailer didn’t make these changes, these price increases would cost their store 12%.
Thankfully, indie stores using Shop Local have the updated price for these 2,410 products. They don’t lose 12%. The stores receive the updated prices instantly via our Brand Syncing service.
How allocating our resources efficiently can help us save time, save money, and deliver value to our customers.
May 9, 2023
You've heard of Salsa-fy? It’s national, was started in Dallas, is used by 60,000 employees, and is used at more than 1,600 corporate locations. Salsa-fy helps businesses steer clear of trouble, offer the best value, and ensures profitability. You may interrupt me here and ask, “Jason, don’t you mean the software company Salesify?” No, I’m talking about the restaurant chain Chili’s and its approach to managing salsa, french fries, and its business. ...
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According to the U.S. Small Business Administration, 50% of businesses fail within five years of opening; fewer still make it to their 10th anniversary. So a company with legs surely must doing many things right, right? Not necessarily. Even if you’re providing a great product or service, the most important requisite to success lies in the customer experience. If customers feel ignored by your support team after having a bad experience with a product or service, they’ll shift for a ...
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In the news each day, there are reports of price increases (inflation) that average 4%. When a product's price increases 4% or 45%, this often hurts a retailer. Reason: the retailer may not know about this price change till after it has sold the item. Therefore, the retailer sold the item at 45% less than what it should have. If the item is a special order and the retailer does not have it in stock, it may barley make a profit on the order.
Bridge's product sharing service helps ...
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There is a general feeling among the public that Amazon is a ruthless behemoth. A survey conducted by CNBC|SurveyMonkey Small Business Survey showed that 59% of the public think Amazon is bad for business. "This represents a significant shift from just two years ago, when opinion was nearly split between those saying Amazon is bad for small businesses (37%) and those saying it’s good (33%)."
One of the many reasons Amazon is viewed this way is because of ...
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January 25, 2019
January 25, 2019
Do you hate managing price increases?
Most retailers do. In January, many brands raise prices. Retailers are buried under Excel files and Dropbox links. Retailers are expected to change prices for 100s or even 1,000s of products.
How can an indie store keep up with these price changes?
We have a solution: Smart Products.
Over four hundred retailers that use Smart Products never have to worry about Excel files and Dropbox links. They get instant price increases from 120 partner brands including: + ...
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January 10, 2008
January 10, 2008
Discounting and Margins on Home Goods Products
The retailer LCR Collection called me today and expressed its concern that many customers request discounts. This discount is often 10%, and the store offered an idea to protect the retailer's margin: instead of retailers charging 100% of wholesale, they should charge 120%. In other words, a $50 wholesale product would not retail for $100 but instead be $110. This would allow the retailer 'space' to discount the item by 10%, and keep their margin.